Advance Auto Parts, Inc. (AAP) To Go Ex-Dividend on January 9th

Advance Auto Parts, Inc. (NYSE:AAP) declared a quarterly dividend on Monday, October 27th. Shareholders of record on Friday, January 9th will be paid a dividend of 0.25 per share on Friday, January 23rd. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, January 9th.

Advance Auto Parts has raised its dividend by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 1 years. Advance Auto Parts has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advance Auto Parts to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 63.7%.

Advance Auto Parts Trading Up 7.1%

Shares of AAP stock opened at $41.49 on Wednesday. Advance Auto Parts has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The company has a quick ratio of 0.88, a current ratio of 1.73 and a debt-to-equity ratio of 1.55. The business has a fifty day simple moving average of $46.97 and a 200-day simple moving average of $53.81. The stock has a market cap of $2.49 billion, a P/E ratio of -6.55 and a beta of 1.14.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, October 30th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.18. Advance Auto Parts had a negative net margin of 4.37% and a positive return on equity of 0.64%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the firm posted ($0.04) EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. On average, analysts forecast that Advance Auto Parts will post -0.46 earnings per share for the current fiscal year.

About Advance Auto Parts

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.